PUBLISHER: KBV Research | PRODUCT CODE: 1529323
PUBLISHER: KBV Research | PRODUCT CODE: 1529323
North America Vegan Cosmetics Market Size, Share & Trends Analysis Report By Product (Skin Care, Color Cosmetics, Hair Care, and Others), By Distribution Channel, By Country and Growth Forecast, 2024 - 2031
The North America Vegan Cosmetics Market would witness market growth of 5.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Vegan Cosmetics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,622.2 Million by 2031. The Canada market is exhibiting a CAGR of 7.9% during (2024 - 2031). Additionally, The Mexico market is experiencing a CAGR of 7% during (2024 - 2031).
The market has undergone a transformative evolution, emerging as one of the most dynamic and rapidly growing sectors within the broader beauty and personal care industry. This expansion is the result of a combination of factors, such as a rise in the popularity of veganism, heightened consumer awareness of ethical consumption, and a surging demand for sustainable and cruelty-free products. The market is prepared to benefit from the move toward more ecologically preferred and ethical alternatives. This is because customers are becoming more conscious of the sources and impacts of the products they purchase.
At its core, the market is defined by products free from animal-derived ingredients that have not been tested on animals. This encompasses a wide range of beauty and personal care items, from skincare and haircare to makeup and fragrances. The principles underpinning vegan cosmetics resonate deeply with a growing segment of consumers who prioritize animal welfare, environmental sustainability, and health-conscious living. This alignment with modern ethical standards has propelled the market forward, attracting dedicated vegans and a broader audience interested in more responsible consumption.
The demand for vegan cosmetics in Mexico is fueled by rising consumer awareness and regulatory changes. According to data from the National Institute of Statistics and Geography (INEGI), there has been an increase in consumer interest in sustainable and ethical products, including vegan cosmetics. This is partly due to the influence of global beauty trends and a growing middle class with disposable income. The Mexican government has also taken steps to support the development of a sustainable cosmetics industry, including regulations promoting cruelty-free practices and using natural ingredients. Hence, this confluence of factors positions the North American vegan cosmetics market for continued expansion in the foreseeable future.
Based on Product, the market is segmented into Skin Care, Color Cosmetics, Hair Care, and Others. Based on Distribution Channel, the market is segmented into Specialty Stores, Hypermarkets & Supermarkets, E-commerce, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- LVMH SE
- Weleda AG
- Emma Jean Cosmetics, INC
- Monave
- Pacifica Beauty LLC
- NAOS
- Amway Corporation
- Clarins Group SA
- L'Oreal S.A.
- gruum Europe Ltd. (gruum)
North America Vegan Cosmetics Market Report Segmentation
By Product
- Skin Care
- Color Cosmetics
- Hair Care
- Others
By Distribution Channel
- Specialty Stores
- Hypermarkets & Supermarkets
- E-commerce
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Vegan Cosmetics Market, by Product
- 1.4.2 North America Vegan Cosmetics Market, by Distribution Channel
- 1.4.3 North America Vegan Cosmetics Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
Chapter 4. North America Vegan Cosmetics Market by Product
- 4.1 North America Skin Care Market by Country
- 4.2 North America Color Cosmetics Market by Country
- 4.3 North America Hair Care Market by Country
- 4.4 North America Others Market by Country
Chapter 5. North America Vegan Cosmetics Market by Distribution Channel
- 5.1 North America Specialty Stores Market by Country
- 5.2 North America Hypermarkets & Supermarkets Market by Country
- 5.3 North America E-commerce Market by Country
- 5.4 North America Others Market by Country
Chapter 6. North America Vegan Cosmetics Market by Country
- 6.1 US Vegan Cosmetics Market
- 6.1.1 US Vegan Cosmetics Market by Product
- 6.1.2 US Vegan Cosmetics Market by Distribution Channel
- 6.2 Canada Vegan Cosmetics Market
- 6.2.1 Canada Vegan Cosmetics Market by Product
- 6.2.2 Canada Vegan Cosmetics Market by Distribution Channel
- 6.3 Mexico Vegan Cosmetics Market
- 6.3.1 Mexico Vegan Cosmetics Market by Product
- 6.3.2 Mexico Vegan Cosmetics Market by Distribution Channel
- 6.4 Rest of North America Vegan Cosmetics Market
- 6.4.1 Rest of North America Vegan Cosmetics Market by Product
- 6.4.2 Rest of North America Vegan Cosmetics Market by Distribution Channel
Chapter 7. Company Profiles
- 7.1 LVMH SE
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 SWOT Analysis
- 7.2 Weleda AG
- 7.2.1 Company overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Recent strategies and developments:
- 7.2.4.1 Product Launches and Product Expansions:
- 7.2.5 SWOT Analysis
- 7.3 Emma Jean Cosmetics, INC.
- 7.3.1 Company Overview
- 7.4 Monave
- 7.4.1 Company Overview
- 7.5 Pacifica Beauty LLC
- 7.5.1 Company Overview
- 7.5.2 Recent strategies and developments:
- 7.5.2.1 Geographical Expansions:
- 7.5.3 SWOT Analysis
- 7.6 NAOS
- 7.6.1 Company Overview
- 7.7 Amway Corporation
- 7.7.1 Company Overview
- 7.7.2 Recent strategies and developments:
- 7.7.2.1 Product Launches and Product Expansions:
- 7.7.3 SWOT Analysis
- 7.8 Clarins Group SA
- 7.8.1 Company Overview
- 7.9 L'Oreal S.A.
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Recent strategies and developments:
- 7.9.4.1 Acquisition and Mergers:
- 7.9.5 SWOT Analysis
- 7.10. gruum Europe Ltd. (gruum)
- 7.10.1 Company Overview
- 7.10.2 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 2 North America Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 3 North America Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 4 North America Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 5 North America Skin Care Market by Country, 2020 - 2023, USD Million
- TABLE 6 North America Skin Care Market by Country, 2024 - 2031, USD Million
- TABLE 7 North America Color Cosmetics Market by Country, 2020 - 2023, USD Million
- TABLE 8 North America Color Cosmetics Market by Country, 2024 - 2031, USD Million
- TABLE 9 North America Hair Care Market by Country, 2020 - 2023, USD Million
- TABLE 10 North America Hair Care Market by Country, 2024 - 2031, USD Million
- TABLE 11 North America Others Market by Country, 2020 - 2023, USD Million
- TABLE 12 North America Others Market by Country, 2024 - 2031, USD Million
- TABLE 13 North America Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 14 North America Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 15 North America Specialty Stores Market by Country, 2020 - 2023, USD Million
- TABLE 16 North America Specialty Stores Market by Country, 2024 - 2031, USD Million
- TABLE 17 North America Hypermarkets & Supermarkets Market by Country, 2020 - 2023, USD Million
- TABLE 18 North America Hypermarkets & Supermarkets Market by Country, 2024 - 2031, USD Million
- TABLE 19 North America E-commerce Market by Country, 2020 - 2023, USD Million
- TABLE 20 North America E-commerce Market by Country, 2024 - 2031, USD Million
- TABLE 21 North America Others Market by Country, 2020 - 2023, USD Million
- TABLE 22 North America Others Market by Country, 2024 - 2031, USD Million
- TABLE 23 North America Vegan Cosmetics Market by Country, 2020 - 2023, USD Million
- TABLE 24 North America Vegan Cosmetics Market by Country, 2024 - 2031, USD Million
- TABLE 25 US Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 26 US Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 27 US Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 28 US Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 29 US Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 30 US Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 31 Canada Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 32 Canada Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 33 Canada Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 34 Canada Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 35 Canada Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 36 Canada Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 37 Mexico Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 38 Mexico Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 39 Mexico Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 40 Mexico Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 41 Mexico Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 42 Mexico Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 43 Rest of North America Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 44 Rest of North America Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 45 Rest of North America Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 46 Rest of North America Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 47 Rest of North America Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 48 Rest of North America Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 49 key Information - LVMH SE
- TABLE 50 Key Information - Weleda AG
- TABLE 51 Key Information - Emma Jean Cosmetics, INC.
- TABLE 52 Key Information - Monave
- TABLE 53 Key Information - Pacifica Beauty LLC
- TABLE 54 Key Information - NAOS
- TABLE 55 Key Information - Amway Corporation
- TABLE 56 KEY INFORMATION - CLARINS GROUP SA
- TABLE 57 Key Information - L'Oreal S.A.
- TABLE 58 Key Information - gruum Europe Ltd.
